To gain a global content edge, Netflix has set into motion a EU production boom with plans to produce over 225 films and shows in Europe. Netflix currently controls 53% of the SVOD market in Europe.
The reason for this lavishly spending spree is in response to new streaming competition by the major studios and the upcoming exodus of their content.
Lionsgate is said to be in talks to split its film and television production business from its recently acquired premium-channel Starz into separate companies.
Starting in 2020, films released by Lionsgate will be distributed on the Hulu streaming service, and FX, the basic-cable channel now owned by Disney after the takeover of Fox.
The timing of the anonymous leak that CBS was prepared to pay Lionsgate $5 billion for Starz, raises serious questions about possible market manipulation.
The uneasy marriage between Lionsgate and Starz has been a rocky one from the start. The biggest clash relates to Lionsgate’s television division.
Lionsgate lobbied to become the belle of the buyout ball last year in Hollywood, but Prince Charming never arrived.
Lionsgate lobbies to become the belle of the consolidation ball taking place in Hollywood, but will Prince Charming ever show up?
Distributors push back against content providers as price increases and growing content commitments eat into profitability.
In 2017, 487 shows were produced, up 7% from 455 in 2016. In 2010, just 216 shows were produced. Netflix is now the largest supplier of new shows.